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2014
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Mortgage backed securities (MBS) closed up 6 basis points today at 105.56 having broken through resistance offered by the 105.53 and come to rest just 9 basis point below the high of 10/23/13. bonds did well to achieve this level as stocks were enjoying a strong rally. The minutes of the Federa...
05/21/2014
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With no economic reports due out today, stock futures opened flat anticipating an uneventful pre-holiday session. The effects of our recent harsh winter continued to ill-effect profits at retailers and in turn push the Dow down as low as 165 points during the session. Some profit taking from re...
05/20/2014
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Mortgage backed securities (MBS) closed up 31 basis points today at 105.50 having risen to touch resistance above offered by the 105.53 prior to closing just below it. Nevertheless the stout green candlestick shows us that the 4.0% coupon bond did well today as it benefited from a sell-off in st...
05/20/2014
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With no economic reports to influence markets today, Fed speakers took the opportunity to create their own waves in the markets. Fed President Fisher said that there is a significant amount of "inflationary tinder" floating about and hints he will utilize his financial stewardship to be sure it ...
05/19/2014
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Mortgage backed securities (MBS) closed down 9 basis points today at 105.19 having fallen just below support offered at the 105.16 before bouncing back slightly above. An alert to lock was issued during session as bonds fell well below their early highs. Although we expect rates to remina low f...
05/19/2014
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Stock futures pointed downward this morning as the 1st quarter economic activity make turn out to be pointing downward. Economies in Europe Europe have a long way to as well. There was an increase in housing permits but few of them were for single family homes. They mostly for apartment dwelli...
05/16/2014
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Mortgage backed securities (MBS) closed down 13 basis points today at 105.31 having remained in a channel below resistance at the 105.53 level and above support at the 105.16 level. Rates have been low for several session and with the economic outlook as bleak as it is, they are likely to remain...
05/16/2014
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Despite some pretty good news early in the day, U.S. stocks had an awful day mired in a red pool of losses. Initial unemployment claims were at the lowest levels since 2007 and the Empire State manufacturing index surged to a surprising level of 19 for May. It turned out be old man winter than...
05/15/2014
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Mortgage backed securities (MBS) closed up 6 basis points today at 105.47 having soared all the way up to 105.81 during the day eclipsing the October 23 2104 high prior to falling away during the session. the long thin green candlestick shows the impressive rise before closing just below resist...
05/15/2014
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After several days of performing quite nicely indeed, equity markets here had a day of losses. As the day began it seemed there would be some selling and profit as a result of the recent gains. It is not surprising to see this kind of reaction after a couple days of record closing for the Dow ...
05/14/2014
